2 Banks to Settle Case for $417 Million

JPMorgan Chase and Credit Suisse agreed to settlements with the Securities and Exchange Commission totaling $417 million over their packaging and sale of troubled mortgage securities to investors, the agency said Friday. The settlements are the latest major penalties extracted by the agency in a broad-reaching investigation into how Wall Street firms bundled mortgages into complex investments in the run-up to the financial crisis.

via 2 Banks to Settle Case for $417 Million – NY Times